If you were well invested in this, how tough would it be to cash out right now?
https://www.cnbc.com/2017/11/01/amazon-buys-crypto-domains-bitcoin-ethereum.htmlAmazon has secured three new domain names related to cryptocurrency, sparking speculation that the e-commerce giant could be preparing a move into the cryptocurrency space.
credit-suisse-square-to-post-30-million-in-annual-sales-from-bitcoin.html[FONT=&]"While we are positive on Square's strategy, to the extent it confers legitimacy on Bitcoin and prompts adoption by other providers (i.e., PayPal) the biggest beneficiary may be the crypto-asset industry," Credit Suisse analyst Paul Condra wrote in a note to clients Monday entitled "Going Crypto: Exploring the Bitcoin Play."[/FONT]
[FONT=&]"We estimate that if Square can accumulate 10m bitcoin buyers over two years (tracking Coinbase's growth), this could drive an incremental $30m in revenue."[/FONT]
The rate of increase the past month has been fantastic, and really making me think that the predictions may be correct about 10k by end of year. Or at least Its definitely moving that way.Bitcoin price at time of posting: $8293
Cryptocurrency ICOs are the tech bubble we have been waiting for - Business Insider
- Smart people like VC Bill Gurley are beginning to worry that cryptocurrency ICOs are a bubble.
- People are investing in Bitcoin and other digital coins even though they hold no equity value and offer no claims on any kind of underlying asset.
- On that definition, ICOs are actually worse than dot-com stocks in 1999 — at least back then investors owned a piece of a company with a revenue stream.
- Crypto bulls keep saying that Bitcoin is an established "store of value."
- The problem is that the value being stored is simply everyone else's agreement that there must be value here. There is no other asset. And that is what a bubble looks like.
Cryptocurrency ICOs are the tech bubble we have been waiting for - Business Insider
- Smart people like VC Bill Gurley are beginning to worry that cryptocurrency ICOs are a bubble.
- People are investing in Bitcoin and other digital coins even though they hold no equity value and offer no claims on any kind of underlying asset.
- On that definition, ICOs are actually worse than dot-com stocks in 1999 — at least back then investors owned a piece of a company with a revenue stream.
- Crypto bulls keep saying that Bitcoin is an established "store of value."
- The problem is that the value being stored is simply everyone else's agreement that there must be value here. There is no other asset. And that is what a bubble looks like.
Sounds a lot like the US $.
https://www.forbes.com/sites/jessec...his-classic-bubble-stages-chart/#60aa0e4536b8I cannot help but notice how similar the recent Bitcoin price surge looks to this archetypal bubble stages chart that was created by Dr. Jean-Paul Rodrigue:
Negative ghostrider. The dollar is inflationary and centralized, bitcoin is not. You're applying old world thinking to something completely new and generally not understood by most financial gurus. Now, I will say, that without a doubt, ICOs are a bubble waiting to be popped. I think the dot com example is a good example. And from that boom and bust, emerged Amazon, Ebay, Priceline, and other blue chip stocks. I doubt any of the people who brought in during the speculative period of those companies think they made a bad decision. And for the record, with a market cap of less than $330B combined, "this" bubble is very, very mall. At it's height, before the "pop" the dot com bubble was at $2.9T, and based mostly on American properties. Cryptos are actually more popular outside of the US, meaning that $2.9T figure would need to be substantially higher to indicate an imminent crash (which IMO is unlikely). Let me just put it this way. If you bought in now, and the Crypto market cap reaches $1T, you will at the very least, triple, your money.... and not be close to any impending crash.
So, you're saying "new paradigm" then? lolz
And yet cryptos have so much farther to go before mainstream adoption.